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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
This Stock Could Go Up 66% or More. (Ad)
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
This Stock Could Go Up 66% or More. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
This Stock Could Go Up 66% or More. (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Canadian autoworkers ratify new labor agreement with Ford
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
This Stock Could Go Up 66% or More. (Ad)
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
This Stock Could Go Up 66% or More. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
This Stock Could Go Up 66% or More. (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Canadian autoworkers ratify new labor agreement with Ford
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
This Stock Could Go Up 66% or More. (Ad)
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
This Stock Could Go Up 66% or More. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
This Stock Could Go Up 66% or More. (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Canadian autoworkers ratify new labor agreement with Ford

California Water Service Group (CWT) Stock Forecast, Price & News

$48.28
-0.17 (-0.35%)
(As of 09/22/2023 ET)
Compare
Today's Range
$48.09
$48.58
50-Day Range
$48.29
$53.55
52-Week Range
$47.87
$66.12
Volume
240,749 shs
Average Volume
272,997 shs
Market Capitalization
$2.79 billion
P/E Ratio
41.98
Dividend Yield
2.15%
Price Target
$63.00

California Water Service Group MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
30.5% Upside
$63.00 Price Target
Short Interest
Healthy
0.94% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
+0.43
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
13.61%
From $1.91 to $2.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.96 out of 5 stars

Utilities Sector

12th out of 85 stocks

Water Supply Industry

4th out of 11 stocks


CWT stock logo

About California Water Service Group (NYSE:CWT) Stock

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services. It offers its services to approximately 496,400 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 37,500 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 10,700 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

CWT Price History

CWT Stock News Headlines

American Water's (AWK) PA Unit to Invest $11.3M in Upgrades
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
See More Headlines
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CWT Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 8/18 Dividend
8/04/2023
Dividend Payable
8/18/2023
Today
9/24/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Water supply
Sub-Industry
Water Utilities
Sector
Utilities
CUSIP
13078810
Employees
1,225
Year Founded
1926

Price Target and Rating

Average Stock Price Forecast
$63.00
High Stock Price Forecast
$67.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
+30.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$96.01 million
Pretax Margin
8.16%

Debt

Sales & Book Value

Annual Sales
$846.43 million
Cash Flow
$3.90 per share
Book Value
$24.12 per share

Miscellaneous

Free Float
57,194,000
Market Cap
$2.79 billion
Optionable
Optionable
Beta
0.44
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Key Executives

  • Mr. Martin A. Kropelnicki (Age 56)
    Chairman, Pres & CEO
    Comp: $2.37M
  • Mr. Michael B. LuuMr. Michael B. Luu (Age 43)
    Sr. VP of Corp. Services & Chief Risk Officer
    Comp: $563.75k
  • Mr. David B. Healey (Age 67)
    VP, CFO & Treasurer
  • Mr. Michael S. Mares Jr. (Age 56)
    VP of Operations
  • Mr. Thomas A. Scanlon (Age 60)
    Corp. Controller & Principal Accounting Officer
  • Mr. Shawn C. Bunting
    VP & Gen. Counsel
  • Mr. Ronald D. Webb (Age 66)
    VP & Chief Human Resource Officer
  • Ms. Michelle R. MortensenMs. Michelle R. Mortensen (Age 48)
    VP, Corp. Sec. & Chief of Staff
  • Ms. Shannon C. Dean (Age 55)
    VP of Customer Service & Chief Citizenship Officer
  • Ms. Elissa Y. Ouyang (Age 54)
    VP of Facilities, Fleet & Procuremnet













CWT Stock - Frequently Asked Questions

Should I buy or sell California Water Service Group stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CWT, but not buy additional shares or sell existing shares.
View CWT analyst ratings
or view top-rated stocks.

What is California Water Service Group's stock price forecast for 2023?

3 brokerages have issued 1 year price objectives for California Water Service Group's shares. Their CWT share price forecasts range from $56.00 to $67.00. On average, they predict the company's share price to reach $63.00 in the next twelve months. This suggests a possible upside of 30.5% from the stock's current price.
View analysts price targets for CWT
or view top-rated stocks among Wall Street analysts.

How have CWT shares performed in 2023?

California Water Service Group's stock was trading at $60.64 at the beginning of 2023. Since then, CWT stock has decreased by 20.4% and is now trading at $48.28.
View the best growth stocks for 2023 here
.

Are investors shorting California Water Service Group?

California Water Service Group saw a increase in short interest in August. As of August 31st, there was short interest totaling 541,500 shares, an increase of 9.9% from the August 15th total of 492,800 shares. Based on an average daily trading volume, of 346,500 shares, the days-to-cover ratio is currently 1.6 days.
View California Water Service Group's Short Interest
.

When is California Water Service Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CWT earnings forecast
.

How were California Water Service Group's earnings last quarter?

California Water Service Group (NYSE:CWT) released its quarterly earnings results on Thursday, July, 27th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by $0.74. The utilities provider earned $194.04 million during the quarter, compared to analyst estimates of $232.50 million. California Water Service Group had a net margin of 7.92% and a trailing twelve-month return on equity of 4.74%.

How often does California Water Service Group pay dividends? What is the dividend yield for California Water Service Group?

California Water Service Group declared a quarterly dividend on Wednesday, July 26th. Investors of record on Monday, August 7th will be given a dividend of $0.26 per share on Friday, August 18th. This represents a $1.04 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, August 4th.
Read our dividend analysis for CWT
.

Is California Water Service Group a good dividend stock?

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.15%. The company has been increasing its dividend for 56 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 90.44%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CWT will have a dividend payout ratio of 47.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CWT.

What is Martin Kropelnicki's approval rating as California Water Service Group's CEO?

14 employees have rated California Water Service Group Chief Executive Officer Martin Kropelnicki on Glassdoor.com. Martin Kropelnicki has an approval rating of 100% among the company's employees. This puts Martin Kropelnicki in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of California Water Service Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other California Water Service Group investors own include (NCIT) (NCIT), Ford Motor (F), SJW Group (SJW), American States Water (AWR), Alibaba Group (BABA), Pfizer (PFE), Consolidated Edison (ED), Enterprise Products Partners (EPD), General Electric (GE) and McDonald's (MCD).

What is California Water Service Group's stock symbol?

California Water Service Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CWT."

Who are California Water Service Group's major shareholders?

California Water Service Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.91%), State Street Corp (8.79%), Dimensional Fund Advisors LP (2.14%), Geode Capital Management LLC (1.91%), Northern Trust Corp (1.70%) and Bank of New York Mellon Corp (1.14%). Insiders that own company stock include David B Healey, Elissa Y Ouyang, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Robert J Kuta, Terry Bayer and Thomas M Krummel.
View institutional ownership trends
.

How do I buy shares of California Water Service Group?

Shares of CWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is California Water Service Group's stock price today?

One share of CWT stock can currently be purchased for approximately $48.28.

How much money does California Water Service Group make?

California Water Service Group (NYSE:CWT) has a market capitalization of $2.79 billion and generates $846.43 million in revenue each year. The utilities provider earns $96.01 million in net income (profit) each year or $1.15 on an earnings per share basis.

How many employees does California Water Service Group have?

The company employs 1,225 workers across the globe.

How can I contact California Water Service Group?

California Water Service Group's mailing address is 1720 NORTH FIRST STREET, SAN JOSE CA, 95112. The official website for the company is www.calwatergroup.com. The utilities provider can be reached via phone at (408) 367-8200, via email at kgarcia@calwater.com, or via fax at 831-427-9185.

This page (NYSE:CWT) was last updated on 9/24/2023 by MarketBeat.com Staff

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